Canadian Dollar Technical Outlook

Published July 7th, 2008 - 07:59 GMT
Al Bawaba
Al Bawaba

We came tantalizing close to hitting our 1.0324 target but the pair appears to have found resistance at the 1.0250 level and will need to break through to re-challenge its recent highs.



On the flip side a failure here would open the way for retest of the range lows at 1.0050.

STRATEGY: Bullish, against .1.0047, target above 1.0324